Discussion:Profit Sharing Plan including shareholder-employee

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Discussion Forum Index --> Basic Tax Questions --> Profit Sharing Plan including shareholder-employee
Discussion Forum Index --> Tax Questions --> Profit Sharing Plan including shareholder-employee

Wmccarthyix (talk|edits) said:

2 July 2009
For a C corp, that is 100% owned by a couple (80 years old) and has accrued profit sharing expense to be paid by 3/15 of the following year which includes the owner as a participant, would there be any scenario where there would need to be a book to tax adjustment for the timing of the payment due to related party rules? Because of their age does this classify as being deferred comp instead of a profit sharing plan?

~William McCarthy

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